Ulta Beauty, Inc. (NASDAQ:ULTA) Shares Bought by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC raised its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 200.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 150 shares of the specialty retailer’s stock after acquiring an additional 100 shares during the period. Laurel Wealth Advisors LLC’s holdings in Ulta Beauty were worth $55,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ULTA. Curbstone Financial Management Corp bought a new stake in shares of Ulta Beauty during the first quarter valued at approximately $1,232,000. Rowlandmiller & PARTNERS.ADV raised its holdings in Ulta Beauty by 51.1% during the first quarter. Rowlandmiller & PARTNERS.ADV now owns 1,375 shares of the specialty retailer’s stock worth $504,000 after purchasing an additional 465 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Ulta Beauty by 0.3% during the first quarter. Handelsbanken Fonder AB now owns 28,850 shares of the specialty retailer’s stock worth $10,575,000 after purchasing an additional 81 shares in the last quarter. GAMMA Investing LLC raised its holdings in Ulta Beauty by 6.0% during the first quarter. GAMMA Investing LLC now owns 1,210 shares of the specialty retailer’s stock worth $444,000 after purchasing an additional 69 shares in the last quarter. Finally, Octavia Wealth Advisors LLC raised its holdings in Ulta Beauty by 10.4% during the first quarter. Octavia Wealth Advisors LLC now owns 924 shares of the specialty retailer’s stock worth $339,000 after purchasing an additional 87 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Ulta Beauty Trading Down 1.1%

Shares of NASDAQ:ULTA opened at $456.97 on Thursday. The firm has a 50 day moving average of $400.36 and a 200-day moving average of $394.11. The stock has a market capitalization of $20.54 billion, a PE ratio of 18.29, a PEG ratio of 0.89 and a beta of 1.09. Ulta Beauty, Inc. has a 12 month low of $309.01 and a 12 month high of $491.98.

Ulta Beauty (NASDAQ:ULTA) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $6.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.73 by $0.97. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.79 billion. Ulta Beauty had a net margin of 10.58% and a return on equity of 51.95%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $6.47 EPS. On average, research analysts predict that Ulta Beauty, Inc. will post 23.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jodi J. Caro sold 902 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $369.16, for a total value of $332,982.32. Following the transaction, the insider now owns 7,632 shares in the company, valued at approximately $2,817,429.12. The trade was a 10.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Oppenheimer boosted their target price on Ulta Beauty from $465.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, May 30th. Canaccord Genuity Group boosted their target price on Ulta Beauty from $510.00 to $542.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Bank of America decreased their price target on shares of Ulta Beauty from $475.00 to $380.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. Evercore ISI lifted their price target on shares of Ulta Beauty from $465.00 to $490.00 and gave the stock an “outperform” rating in a research report on Friday, May 30th. Finally, Robert W. Baird lifted their price target on shares of Ulta Beauty from $440.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, May 30th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Ulta Beauty currently has an average rating of “Hold” and an average price target of $460.91.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.